Slide 1: Minda Corporation Limited Investor Presentation
Interior Systems MINDA CORPORATION LIMITED (NSE: MINDACORP; BSE: 538962) Investor Presentation Safety, Security And Restraint Systems June 2017 Driver Information And Telematics Systems Locks Door Handles Instrument Clusters Wiring Harness Starter Motors Plastic Components
Slide 2: Table of Contents
Table of Contents 1. Company and Business 2. Group Financial Performance 3. Future Growth Areas 4. Our Team 5. Annexures Investor Presentation 2
Slide 3: Company and Business
Company and Business Investor Presentation 3
Slide 4: Minda Corporation Limited (‘Minda Corp’)
Minda Corporation Limited (‘Minda Corp’) One of the leading auto component companies Listed on BSE and NSE FY17 Turnover Rs. 29,620 mn Market Capitalisation* Rs. 21,287 mn (Promoter Holding – 70.2%) No. of Employees ~16,000 No of Plants India (25 plants), Europe (3 plants), South East Asia (2 plants
Slide 5: Group Businesses
Group Businesses Minda Corp (Consolidated) Minda Management Services Limited (Corporate) Safety, Security and Driver Information and Interior System After Market Restraint System Telematics System • Minda Corp (Standalone) – • Minda Furukawa Electric • Minda KTSN Plastic Solution • Minda Automotive
Slide 6: Safety, Security and Restraint System
Safety, Security and Restraint System Companies Product Portfolio Key Customers & No of Plants • Bajaj Auto Minda Corp • TVS 7 (Standalone) Complete Lock Lock for Off road Steering and Aluminium High Pannier Latches Gear Shift Pressure Die Casting Compressor Housing Intake • Ashok Leyland Kit Vehicl
Slide 7: Driver Information and Telematics System
Driver Information and Telematics System Companies Product Portfolio Key Customers & No of Plants • M&M • HMSI Minda SAI • TVS 9 Wiring Harness Solutions Terminals Connectors Battery Terminals Plastic Interiors • Ashok Leyland • Maruti Suzuki Minda Furukawa • Renault-Nissan 4 • Honda Wiring Harness
Slide 8: Interior Systems
Interior Systems Companies Product Portfolio Key Customers & No of Plants Minda KTSN Plastic Solution GmbH & Co. KG Quick Middle Arm Steering Structural (Germany) Oil Sump Connectors Rest Seat Panel Glove Box Ash Tray Cup Holder Column Parts • VW Group (Audi and Porsche Minda KTSN Group) Plastic & T
Slide 9: After Market
After Market Company Product Portfolio Door Handles Sensor Clutch Plates Control Cables 2/3W Locks Minda Automotive Solutions Ltd Wiper Blades Glow Plug Brake Shoe Wiring Harnesses Instrument Cluster Filters • Aftermarket sales contributes about 10% to the total revenues • Sales from Aftermarket is
Slide 10: Key Markets
Key Markets Manufacturing facilities strategically located globally catering to OEMs Driver Information 7% 5% 4% Location Safety and and Telematics Interior 22% 16% 14% Security Systems Systems Systems India 10 15 71% 79% 82% Europe 3 North America 1 South East Asia 2 FY15 FY16 FY17 Total 12 15 4 In
Slide 11: Key Customers and Revenue Breakdown
Key Customers and Revenue Breakdown 2-3 Wheelers Passenger Vehicles Commercial & Off Others Highway Vehicles Revenue Breakdown by End Market FY2015 FY2016 FY2017 11% 9% 10% 39% 33% 31% 32% 38% 36% 18% 20% Investor Presentation 23% 2/3 Wheelers Commercial & Off-Highway Vehicles Passenger Vehicles Aft
Slide 12: Our Partners
Our Partners Joint Ventures & Technology Tie ups with Leading Global Firms Minda Group’s Year of Partner Country Segment Key Products (JV) Summary Stake / JV Company • Furukawa electric is a Tokyo listed electronic 51% / Driver equipment manufacturing company Wiring Harness, Terminals, Minda Informa
Slide 13: Group Financial Performance
Group Financial Performance Investor Presentation 13
Slide 14: Consolidated Financial Performance
Consolidated Financial Performance Consolidated Annual Performance Trend Revenue (Rs. mn) EBITDA (Rs. mn) and Margin (%) PAT (Rs. mn) and Margin (%) 29,620 2,068 2,233 1,981 1,073 24,455 895 961 19,706 1,561 793 15,939 10.5% 9.8% 9.1% 6.7% 4.5% 5.0% 4.4% 3.2% FY2014 FY2015 FY2016 FY2017 FY2014 FY201
Slide 15: YTD Financial Performance
YTD Financial Performance Commentary – FY2017 vs. FY2016 29,620 • The growth of 21.1% in FY2016-17 revenues was on account of steady increase in sales across Revenue 24,455 the product segments and the group companies. 6,447 7,614 Q4 FY16 Q4 FY17 FY2016 FY2017 • FY2016-17 EBITDA margins declined due
Slide 16: Key Highlights - Consolidated
Key Highlights - Consolidated Minda Furukawa – Turnaround Strategy • A structured approach is being followed for the turnaround of Minda Furukawa, a JV focused on supplying wiring harness for Japanese passenger vehicles made in India • Minda Corporation and joint venture partner jointly created a ta
Slide 17: Key Achievements during the quarter
Key Achievements during the quarter Business Updates • Significant orders booked in Q4 FY2017: • Total orders booked worth Rs. 2,580 million comprising Domestic: Rs. 1,840 million and Exports: Rs. 740 million Driver Information and Telematics Safety, Security and Restraint Systems Interior Systems S
Slide 18: Sales Contributors
Sales Contributors Consolidated Sales for Financial Year 2016-17 (In Rs. mn) 7,637 6,209 4,963 4,106 3,072 2,588 2,471 1,339 902 Minda Corp Minda SAI Minda Furukawa Minda KTSN Minda Stoneridge Minda Automotive Minda VAST ASEAN Minda Autoelectrik Autoelektrik Revenue breakup for Financial Year 2016-1
Slide 19: Consolidated Leverage Position
Consolidated Leverage Position Particulars (Rs. million) 31 Mar 17 31 Mar 16 Short Term Borrowings 4,283 4,014 Long Term Borrowings 2,064 1,416 Total Debt 6,346 5,430 Less: Cash & Cash Equivalents 570 882 Net Debt 5,776 4,548 Net Worth 6,507 5,674 Net Debt / Net Worth 0.89x 0.80x The increase in Net
Slide 20: Future Growth Areas
Future Growth Areas Investor Presentation 20
Slide 21: Future Growth Areas
Future Growth Areas MCL: Greenfield expansion for Die Casting Plant at Pune • Setting up 3rd die casting plant in India • Total capacity to increase from existing 4,600 MT p.a. to 9,600 MT p.a. by FY19-20 Proposed Current Layout Status • Land development completed, civil work started and structural
Slide 22: Future Growth Areas
Future Growth Areas Minda KTSN: Greenfield Plant at Mexico • Inaugurated the new plant at Queretaro Industrial Park-II Puerto, Mexico in April 2017 • Start of Production (SOP) of Interior Parts for Volkswagen • Total area of the plant is c. 17,320 sqm. • Received orders for the manufacturing of part
Slide 23: Future Growth Areas
Future Growth Areas Acquisition of Panalfa Autoelektrik Ltd • Acquired Panalfa Autoelektrik (Haryana) in April 2016 • Renamed as ‘Minda Autoelektrik Limited' wef 03 June 2016 • Incorporated in 2007 as Indo Czech JV • Primarily manufactures ‘Starter Motors’ and ‘Alternators’ • End Markets: Commercial
Slide 24: Key Growth Drivers
Key Growth Drivers Focused approach to tap potential growth opportunities Incremental demand of electronics and technological advanced products such as EFI/EMS Systems, 1. ABS, EGT/EGRT Sensors, ISG, ADAS, connected cars, soot sensors etc in non legacy product business Focus on new technologies in l
Slide 25: Improvements and Potentials
Improvements and Potentials FY2016-17 Target FY2019-20 ROCE ~11.7% ~20-22% Major Steps Being Undertaken S. No Particulars 1 Turnaround of Minda Furukawa 2 Optimization of employee cost 3 Increase in better margin business in export and electronics 4 Margin improvements in Minda KTSN Investor Present
Slide 26: Our Team
Our Team Investor Presentation 26
Slide 27: Eminent and Experienced Board of Directors
Our Team Eminent and Experienced Board of Directors Mr. Ashok Minda Chairman and Group CEO Mr. Sudhir Kashyap Mr. R. Laxman Executive Director and CEO Director & Group President, Finance Mr. Avinash P. Mr. Rakesh Chopra Mr. Ashok Kumar Jha Ms. Pratima Ram Gandhi On the Board of GPR Ex-Finance Secret
Slide 28: Senior Management
Our Team Senior Management Description Ashok Minda • Over 30 years of experience in the Auto Industry Chairman and Group • Member of various Committees of the Company's Board CEO • The Group under the leadership of Mr. Minda broke new frontiers by joining hands with world renowned companies of USA,
Slide 29: Annexures
Annexures Investor Presentation 29
Slide 30: Group Operating Structure
Group Operating Structure Minda Corporation Minda Minda Minda Minda KTSN Minda Minda SAI Management Furukawa Autoelektrik Plastic Automotive Services Electric (51%) Ltd Germany** Minda VAST Minda Stoneridge Minda KTSN Access Systems (51%) Plastic Poland (50%) Almighty International PTE, Minda KTSN S
Slide 31: Group at a glance
Group at a glance Category Product Portfolio Company End Market * Plant Locations / Offices Group Corp Corporate Office • Minda Management Services Ltd. - Gurgaon 2/3 W, CV, Tractors, Off Aurangabad (2), Greater Noida, • Minda Corporation Ltd. Road Vehicles Noida, Pant Nagar, Pune (2) Electronic & M
Slide 32: Journey So Far
Journey So Far Our History - Long standing presence of over 5 decades Foundation of Group Acquired Sylea Automotive through Minda • JV with Furukawa, Japan to form Minda • Acquired 100% by Late Sh. S.L. Wirelinks Pvt. Ltd. and consolidated as Furukawa Electric Pvt. Ltd. equity of ‘Minda Minda Minda
Slide 33: Capital Market Data
Capital Market Data Market Data (31 May 2017) No. of Shareholders Market Cap. (Rs. mn) 21,287 17,505 Outstanding Shares (mn) 209.3 12,047 52 week High/Low 143.6/85.5 7,951 5,387 5,670 Bloomberg / Reuters Ticker MDA:IN / MINC.NS 4,325 Key Institutional Investors Kotak Private Equity, Birla Sunlife Mu
Slide 34: Awards and CSR
Awards and CSR Key Awards MFE – Technology Innovation MCL SSD – National Award MSIL – Award for New MVASPL – Gold Award at Spark Minda Foundation – of the Year Award organized for Supply Chain & Logistics Development at Escorts Agri Quality Circle Forum of India Award for Top Community by Auto Tech
Slide 35: Key Investment Themes
Key Investment Themes High value, technologically advanced products; global presence with 33 plants Technological tie ups with global automotive component manufacturers Well diversified customer base, product portfolio and business segments Low leverage providing significant flexibility for organic
Slide 36: Important Notice
Important Notice This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited (“Minda Corp” or the Company) future busi